G-III Apparel Group Ltd. (NASDAQ:GIII) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $41.80.

GIII has been the subject of several research reports. Brean Capital reaffirmed a “buy” rating and set a $51.00 target price on shares of G-III Apparel Group in a research note on Tuesday, July 26th. Cowen and Company cut G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 target price for the company. in a research note on Tuesday, July 26th. Telsey Advisory Group cut G-III Apparel Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $54.00 to $45.00 in a research note on Tuesday, July 26th. Piper Jaffray Cos. cut G-III Apparel Group from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Monday, July 25th. Finally, Zacks Investment Research raised G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Friday, August 26th.

A number of large investors have recently made changes to their positions in GIII. TimesSquare Capital Management LLC raised its stake in shares of G-III Apparel Group by 122.3% in the second quarter. TimesSquare Capital Management LLC now owns 2,112,945 shares of the company’s stock worth $96,604,000 after buying an additional 1,162,600 shares during the last quarter. Bank of New York Mellon Corp increased its stake in G-III Apparel Group by 112.2% in the third quarter. Bank of New York Mellon Corp now owns 2,104,441 shares of the company’s stock worth $61,344,000 after buying an additional 1,112,496 shares during the period. Wellington Management Group LLP increased its stake in G-III Apparel Group by 156.3% in the first quarter. Wellington Management Group LLP now owns 1,488,472 shares of the company’s stock worth $72,772,000 after buying an additional 907,652 shares during the period. Royal Bank of Canada increased its stake in G-III Apparel Group by 328.5% in the second quarter. Royal Bank of Canada now owns 806,301 shares of the company’s stock worth $36,864,000 after buying an additional 618,143 shares during the period. Finally, Royce & Associates LP increased its stake in G-III Apparel Group by 467.7% in the second quarter. Royce & Associates LP now owns 709,809 shares of the company’s stock worth $32,452,000 after buying an additional 584,781 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Shares of G-III Apparel Group (NASDAQ:GIII) traded down 2.28% on Wednesday, reaching $30.47. 308,353 shares of the company traded hands. G-III Apparel Group has a 52-week low of $25.56 and a 52-week high of $55.89. The company has a market capitalization of $1.39 billion, a PE ratio of 14.81 and a beta of 0.55. The firm has a 50-day moving average of $28.21 and a 200-day moving average of $37.40.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.21. The business had revenue of $442.30 million for the quarter, compared to analyst estimates of $484.85 million. G-III Apparel Group had a net margin of 4.13% and a return on equity of 10.91%. G-III Apparel Group’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. On average, equities research analysts forecast that G-III Apparel Group will post $2.12 earnings per share for the current fiscal year.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

5 Day Chart for NASDAQ:GIII

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